An analysis by the Congressional Budget Office contradicts Treasury Secretary Steven Mnuchin’s claim that before COVID-19 hit, the U.S. was experiencing “extraordinary” economic growth that “would pay down the debt over time.”
Former Vice President Joe Biden wrongly says “most of the conservative think tanks,” including the Heritage Foundation, agree that the tax cuts championed by President Donald Trump “generated virtually no growth at all.”
Facebook users are recirculating an inaccurate meme from May that makes misleading economic comparisons between Presidents Barack Obama and Donald Trump. The meme includes inaccurate or selective information about Obama’s record on jobs and economic growth.
President Donald Trump rattled off several false claims in his Nov. 12 speech to the Economic Club of New York, in which he contrasted the supposedly “bleak” outlook at the end of his predecessor’s term with an exaggerated portrayal of the economy’s strong performance during his own tenure.